Ep.265 - Estimating Deadlines

Jason addresses setting realistic deadlines using content from Jim Collins' Beyond Entrepreneurship 2.0. Humans are horrible at estimating time and can be four times off in early design phases. Contractors often undercut budgets and durations by 15 to 20 percent forcing crash landing management style. Main focus is estimating effort not time, using Takt planning for accurate predictions, and building culture where missing deadlines is not an option.

What you'll learn in this episode:

• Humans horrible at time estimation: Traditional project estimation error shows four times wrong in feasibility phase
• Estimate effort not time: Planning poker shows 25 percent error estimating effort vs much worse with time
• Takt plan better than CPM: Schematic design Takt estimating effort and flow beats CPM after finished design
• Jim Collins deadline story: Contractor moved from October 31 to March 31 at 5pm, hit deadline with 15 minutes to spare
• Culture of discipline on deadlines: Zero tolerance for missing, only two acceptable ways to miss
• Realistic deadlines required: Can't hold people accountable to unrealistic dates, they sacrifice families to meet them

Deadlines stimulate progress but only if they are commitments, if everyone knows deadlines will slip then you have no deadlines.

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Also, here are links to our YouTube Channels:

· Jason Schroeder YouTube Channel: https://www.youtube.com/channel/UC4xpRYvrW5Op5Ckxs4vDGDg

· LeanTakt YouTube Channel: https://www.youtube.com/c/leanTakt

· LeanSuper YouTube Channel: https://www.youtube.com/channel/UCzQDevqQP19L4LePuqma3Fg/featured

· LeanSurvey YouTube Channel: https://www.youtube.com/channel/UC-Ztn3okFhyB_3p5nmMKnsw